Sweden: Parliament approves bill to implement Pillar 2 global minimum tax rules

December 21, 2023

On 13 December 2023, the Swedish parliament (Riksdag) declared the approval of a bill to implement the Minimum Taxation Directive (2022/2523) into Swedish law ensuring a global minimum tax level for large multinational and domestic groups in the

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Sweden: Government presented a bill for incorporating the OECD’s global minimum tax

November 22, 2023

On 26 October 2023, the Swedish government presented a bill for incorporating the OECD's global minimum tax rules (Pillar Two) and the EU's minimum tax directive into Swedish law. The Swedish parliament is now tasked with debating and voting on the

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Sweden proposes the budget bill for 2024

September 28, 2023

On 20 September 2023, the Swedish Government presented the budget bill for 2024 to the Swedish parliament. The government is facing a number of challenges, including high inflation, a recession, and a difficult security environment. The government

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Sweden: MoF issues draft bill to implement Pillar 2 global minimum tax

September 15, 2023

On 31 August 2023, the Swedish Ministry of Finance (MoF)  released a draft bill for the implementation of the Pillar 2 global minimum tax rule in accordance with EU Council Directive 2022/2523 of 14 December 2022. The proposal seeks to establish

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Sweden proposes implementation of global minimum tax law

March 27, 2023

The Ministry of Finance has issued a memorandum containing suggestions and explanations to supplement the preliminary report on the implementation of the EU global minimum tax directive. On 7th February 2023, preliminary report was presented to the

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Sweden: Tax Agency declares new e-Service for digital platform operators

March 20, 2023

The Swedish Tax Agency has made an announcement that a newly launched e-service portal is now accessible for the registration process of platform operators. Platform operators covered by the rules must register by 30 June 2023 at the latest.

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Sweden: Tax Agency Introduces temporary tax on extraordinary profits of electricity producers

March 07, 2023

The Swedish Tax Agency has declared an announcement that tax will be imposed  on excessive profits of electricity producers from  1st March  2023 to 1st June  2023 for a limited time period. The recently implemented measure aligns with the

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Sweden sign MCAA to exchange information with respect to income earned on digital platforms

February 23, 2023

On 2 February 2023, Sweden signed the multilateral competent authority agreement on the automatic exchange of information on income derived through digital platforms, according to an update published by OECD on 15 February 2023. The DPI-MCAA has

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Sweden: Ministry of Justice propose a bill implementing public CbC reporting

February 14, 2023

On 9 February 2023, the Swedish Ministry of Justice published a press release of proposal implementing the EU directive 2021/221 to disclose publicly certain information on a country-by-country (CbC) regarding multinational companies. According to

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Sweden: MoF proposes temporary tax on electricity producers

January 24, 2023

The Swedish Ministry of Finance (Mof) has issued a proposal to impose a temporary tax (windfall tax) on the excessive earnings of electricity producers in accordance with EU Regulation 2022/1854. It would be levied at a rate of 90 % on incomes above

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Sweden: Tax Agency Clarifies guideline on the CbC reporting

October 30, 2022

On 26 October 2022, the Swedish Tax Agency clarified the guideline for the country-by-country (CbC) reporting followed by the OECD. This includes the following clarifications related to guidance provided by OECD: (i) guidance on when positive

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OECD: Peer Review Report on Tax Transparency in Sweden

August 18, 2022

On 16 August 2022 the Global Forum for Transparency and Exchange of Information for Tax Purposes released a second round (phase 1) peer review report in relation to Sweden. The peer review report examines the legal and regulatory framework in Sweden

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Sweden Updates CbC reporting guideline

March 20, 2022

On 14 March 2022, the Swedish Tax Agency updated the country-by-country reporting (CbC) guidelines for multinational companies (MNEs). The guidelines introduced the following updates: 1) Annual notification requirements for Swedish

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Sweden: Administrative court rules in favor of the taxpayer in TP case

March 17, 2022

On 28 February 2022, the Swedish Administrative Court announced its ruling and have supported Pandox AB claim in the company’s dispute with the Swedish Tax Agency. Pandox is a chain company owning around 157 hotel properties in 15

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Sweden proposes the Budget Bill for 2022

October 10, 2021

On 20 September 2021, the Ministry of Finance has proposed the Budget Bill for 2022. The budget includes the following tax measures: The introduction of a modernized withholding tax on dividends paid to non-residents, including a standard

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Sweden: Parliament accepts Bill to implement EU ATAD reverse hybrid mismatches

March 26, 2021

On 16 March 2021, the Swedish Parliament (Riksdag) has accepted Bill No. 2020/21:111 to implement EU Anti-Tax Avoidance Directive (ATAD) reverse hybrid mismatches. In this bill, it is proposed that rules be introduced regarding the tax treatment

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IMF: Economic Outlook in Sweden

February 11, 2021

On 2 February 2021 the IMF issued a report following discussions with Sweden in relation to article IV of the IMF’s articles of agreement. Sweden has been hit hard by the pandemic but has introduced effective support measures for individuals

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Sweden applies the so-called “Sunday rule” for DAC6 reporting deadlines

February 03, 2021

Recently, the Swedish Tax Agency has updated guidance on reportable arrangements (DAC6) reporting deadlines. The Tax Agency confirms that the so-called “Sunday rule” applies for DAC6 reporting deadlines. If the reporting deadline falls on a

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